"Charles Schwab and Other Big Banks May Be Secretly Insolvent" - But somehow cryptocurrency is the problem 🤣

submitted by /u/Anen-o-me [link] [comments]

source https://www.reddit.com/r/btc/comments/134xpor/charles_schwab_and_other_big_banks_may_be/

Would it be possible to have a BCH onchain contract like a PUT option, to then create a BCH backed over collateralized dollar stablecoin?

Lets over collateralize the example to make sure its safe against even a 90% crash.

1) So lets say BCH is $100

2) We make you create a dollar backed token contract with 10x collateral required, so in this case you would need to fund it with 10BCH to create $100 of USD tokens (lets call it BCHDollar).

3) The term for the contract is set to 12 months. At which point at settlement either: A) some of your collateral will be given for each BCHDollar, B) you buy some BCHDollar on the open market to close your contract out before expiry.

4) if the value of your collateral reached some threshold, maybe 2x-5x, then part of your collateral is just sent directly to BCHDollar current holders or maybe some collateral is liquidated for USDC to back the BCHDollar, the contract gets canceled and the BCHDollar is instantly redeemable for the USD or BCH.

This is all basically a very overcollateralized option contract, now what are the benefits of doing this?

Well BCH holders can have 10% of their BCH as a sort of dollar token to be used as they like, its a cool free loan (well requires your crypto to be locked up while you have it, as the price of having it).

Users can have access to a 10x collateralized USD token, that is not subject to banks or anyone, to use as they wish, its an option contract that has a $1 value built in, and can be used as money.

submitted by /u/FearlessEggplant3036
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source https://www.reddit.com/r/btc/comments/1345od0/would_it_be_possible_to_have_a_bch_onchain/

A chance to be part of something that will have more of a lasting impact on the world than anything else you could possibly be involved in

submitted by /u/KAX1107 [link] [comments]

Banking crisis the best thing to ever happen for Bitcoin?

So some say the current baking crisis is just beginning and others suggest first republic will be the last to fall. A lot of the short term bonds that reach maturity over the next 60 days are the main source of regional banking’s unrealized losses. If the fed decides to raise rates this Wednesday (which is almost a certainty), this would only put more pressure on struggling banks. Who knows if we will see more failures but if we do, it could be a significant shift in Bitcoins public opinion.

As many of us know, one of the reasons Bitcoin was created is to offer an alternative option to the corrupt, unsound, centralized, debt driven modern day banking system. If a chain reaction of bank failures pushes mass adoption of Bitcoin, only to be followed by government bailouts and further devaluation of the dollar, we may be in one of the most exciting times for Bitcoin.

What do you guys see happening over the next two months?

submitted by /u/Zealousideal_Work332
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BTC Russia hack, 🐂💩 or not?

I don't know enough to say anything about it, but I'd like to get someone to EILI5 as to how this hacker could do this? Was the exploit wallet side, or on the Blockchain? Was the transaction intercepted? How could this be done?

submitted by /u/leme-thnkboutit
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source https://www.reddit.com/r/btc/comments/1342u5e/btc_russia_hack_or_not/

Ellen Brown: How the War on Crypto Triggered a Banking Crisis - scheerpost.com

submitted by /u/bobbyw24 [link] [comments]

Absolute 🔥 from CashTokens.org, day 17: Mutable tokens: essential for cross-covenant interfaces 📝🖊🪨

submitted by /u/AD1AD [link] [comments]

source https://www.reddit.com/r/btc/comments/1340spo/absolute_from_cashtokensorg_day_17_mutable_tokens/